US President Trump tells officials to prepare for an extended blockade of Iran, WSJ reports citing sources; Trump has opted to continue squeezing Iran's economy, as other options would carry more risk than maintaining the blockade

President Trump's decision to extend the blockade on Iran signals a continued strict approach to Iran's economic pressure, suggesting that the U.S. is prioritizing stability over potential military engagement. This development is likely to impact commodity prices—particularly oil—and could stimulate fluctuations in the forex markets as traders reassess risk and geopolitical tensions in the Middle East.